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Kinross reports 2024 first-quarter results

Retrieved on:

Tuesday, May 7, 2024

PEA, Auro, Silver, Paracatu, LP, News, Public expenditure, Great Bear, Engineering, Gold, Discovery, AEX, Hinge

TORONTO, May 07, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross” or the “Company”) today announced its results for the first quarter ended March 31, 2024.

Key Points:

The following operating and financial results are based on first-quarter gold equivalent production:
Production: Kinross produced 527,399 Au eq.
Kinross had cash and cash equivalents of $406.9 million as of March 31, 2024, compared with $352.4 million at December 31, 2023.
Mine-by-mine summaries for 2024 first-quarter operating results may be found on pages 10 and 14 of this news release.
Kinross remains on track to release a PEA in the second half of 2024.

Royal Gold Reports Strong Start to 2024 with Significant Liquidity Increase

Retrieved on:

Wednesday, May 8, 2024

Centerra expects gold production of between 180,000 and 200,000 ounces, which, at the midpoint, is 23% higher than last year’s production.

Key Points:

Centerra expects gold production of between 180,000 and 200,000 ounces, which, at the midpoint, is 23% higher than last year’s production.
On April 25, 2024, Barrick Gold Corporation ("Barrick") announced the official opening of the Goldrush underground mine in the Cortez Complex.
Barrick continues to expect its share of 2024 gold production to remain in the range of 420,000 to 490,000 ounces for 2024.
Royal Gold is publicly traded on the Nasdaq Global Select Market under the symbol “RGLD.” The Company’s website is located at www.royalgold.com .

Kenorland Minerals Provides 2024 Exploration Update

Retrieved on:

Wednesday, April 17, 2024

The total updated forecast for exploration expenditures on properties in which Kenorland holds direct or royalty interests is anticipated to be over $24.0 million in 2024, which includes approximately $19.0 million in exploration financed by partners.

Key Points:

The total updated forecast for exploration expenditures on properties in which Kenorland holds direct or royalty interests is anticipated to be over $24.0 million in 2024, which includes approximately $19.0 million in exploration financed by partners.
Drill results from the winter 2024 program are expected to be reported throughout the second and third quarters of 2024.
Opinaca Project, Quebec: Kenorland will remain operator for Targa Exploration's Opinaca Project during two phases of planned exploration to be completed in 2024.
The property has seen no historical systematic exploration and Kenorland is planning an initial property-wide, regional geochemical survey to be completed in 2024.

Royal Gold Reports Strong Fourth Quarter and Full Year 2023 Operating and Financial Results

Retrieved on:

Wednesday, February 14, 2024

For the quarter ended December 31, 2023 (“fourth quarter”), we reported net income of $62.8 million, or $0.95 per share, on revenue of $152.7 million and operating cash flow of $101.1 million.

Key Points:

For the quarter ended December 31, 2023 (“fourth quarter”), we reported net income of $62.8 million, or $0.95 per share, on revenue of $152.7 million and operating cash flow of $101.1 million.
Barrick is expecting gold production at the Cortez Complex to be 620,000 to 680,000 ounces in 2024 (100% basis).
According to Barrick, construction and commissioning activities for the plant expansion were substantially completed by the end of 2023.
Gold and copper grades are relatively well correlated at Andacollo and gold production tends to track copper production.

Dryden Gold Announces Introductory Town Hall Forum September 7, 2023, 11:00 am EST

Retrieved on:

Wednesday, September 6, 2023

Great Bear, IPO, Red Lake Mine, Gold, Conference, Mining, Cryptocurrency

Toronto, Ontario--(Newsfile Corp. - September 6, 2023) - VID Media is pleased to announce that it will host an introductory Town Hall Forum for Dryden Gold Inc. on September 7, at 11:00 am ET/8 am PT.

Key Points:

Toronto, Ontario--(Newsfile Corp. - September 6, 2023) - VID Media is pleased to announce that it will host an introductory Town Hall Forum for Dryden Gold Inc. on September 7, at 11:00 am ET/8 am PT.
Trey Wasser, CEO of Dryden Gold and Maura Kolb, President will provide an overview of the excellent exploration opportunities at the Dryden Gold Property in Northwestern Ontario.
Dryden Gold has an experienced management team and board with a track record of building shareholder value, regional property consolidation and exploration success.
The agenda, brochure, participating companies, speakers & panelists, initiatives and registration applications for issuers and investors may be found here: https://www.themininginvestmentevent.com/

Clinisupplies Acquires Great Bear Healthcare to Expand Direct-to-patient Chronic Care Services in the Community

Retrieved on:

Tuesday, July 11, 2023

Professional Services, Nursing, Medical Devices, Health, Finance, Managed Care, Growth, NHS, Frontier Nursing Service, Acquisition, Patient, KKR, Health care, Pharmaceutical industry, Great Bear

Clinisupplies, a leading manufacturer and supplier of continence care consumables, today announced the acquisition of Great Bear Healthcare, a UK-based manufacturer and supplier of continence products for managing acute and chronic conditions.

Key Points:

Clinisupplies, a leading manufacturer and supplier of continence care consumables, today announced the acquisition of Great Bear Healthcare, a UK-based manufacturer and supplier of continence products for managing acute and chronic conditions.
Clinisupplies and Great Bear Healthcare are both growing organisations predominately focused on the UK healthcare market for continence products.
The two companies provide continence care nursing services to support the NHS and offer a dedicated home delivery service for continence care products to patients’ homes.
Great Bear Healthcare is the first acquisition since Clinisupplies became a KKR portfolio company in January 2023 and is allied to the ambition of building an international chronic care medical devices platform.

Trillium Gold’s Field Work on Confederation Belt Reveals Strong Affinity to Red Lake’s Major Structural Trends

Retrieved on:

Thursday, May 18, 2023

Great Bear, Zinc, Red Lake Mine, Silver, Arsenic, Red, TGM, Trillium, Bears–Lions rivalry, Gold, Soil, Chromium, Nickel, NI, Anomaly, OTCQX, Fig, News, Mining, Rare-earth element

A newly discovered spatial relationship of Balmer affinity rocks on Trillium’s Confederation Belt suggests the Cochenour-Gullrock Trend and associated unconformity continues from Red Lake across the northern portion of the Confederation Belt.

Key Points:

A newly discovered spatial relationship of Balmer affinity rocks on Trillium’s Confederation Belt suggests the Cochenour-Gullrock Trend and associated unconformity continues from Red Lake across the northern portion of the Confederation Belt.
Primitive-mantle normalized trace element plots illustrate similarities between the Great Bear project and the Panama Lake property, suggesting high potential for gold discovery.
Core photos from the Panama Lake property show remarkable textural and geochemical resemblance to Kinross Gold’s Great Bear project.
The mafic volcanic rocks also show a strong similarity to high-Fe basaltic rocks from the Great Bear project’s Mafic Domain (Fig.

Gold Mining Industry Booms as Investors Seek Safe Haven Amid Market Volatility

Retrieved on:

Monday, May 15, 2023

Zinc, Lead, RC, Strategic partnership, Acquisition, ALS, News, NYSE, Financial News, IMR, HYMC, Don, Kinross Gold, Cape Juby, National instrument, TSX, Agnico Eagle, Great Bear, KGC, IMETS, Street, Gold, Economics, Silver, Property, Sale, Knight, BTG, Mining, OTC, Copper, Cryptocurrency

NEW YORK, May 15, 2023 /PRNewswire/ -- The gold mining industry is a crucial part of the global economy, generating billions of dollars in revenue each year. Gold has been a valuable commodity for centuries, and its status as a safe haven investment continues to drive demand for the precious metal. The basic economics of the gold mining industry are fairly simple: gold is mined from the earth, refined, and sold to buyers around the world. The price of gold is determined by supply and demand factors, including the amount of gold available for sale, the level of demand from investors, and the strength of the global economy. One of the main drivers of demand for gold is its use as a store of value. In times of economic uncertainty or market volatility, investors often turn to gold as a safe haven investment to protect their wealth. This is because gold is viewed as a reliable hedge against inflation and currency devaluation. As such, gold tends to perform well when other asset classes, such as stocks and bonds, are underperforming. Over the past six months, the price of gold has risen approximately 20%, to more than $2,000 per ounce. iMetal Resources, Inc. (TSX-V: IMR) (OTC: IMRFF), Hycroft Mining Holding Corporation (NASDAQ: HYMC), Gold Resource Corporation (NYSE: GORO), Kinross Gold Corporation (NYSE: KGC), B2Gold Corp. (NYSE: BTG)

Key Points:

Gold has been a valuable commodity for centuries, and its status as a safe haven investment continues to drive demand for the precious metal.
The basic economics of the gold mining industry are fairly simple: gold is mined from the earth, refined, and sold to buyers around the world.
In times of economic uncertainty or market volatility, investors often turn to gold as a safe haven investment to protect their wealth.
Geographically, gold mining is common in many parts of the world, including Africa, Asia, Australia, and the Americas.

Gold Mining Industry Booms as Investors Seek Safe Haven Amid Market Volatility

Retrieved on:

Monday, May 15, 2023

NEW YORK, May 15, 2023 /PRNewswire/ -- The gold mining industry is a crucial part of the global economy, generating billions of dollars in revenue each year. Gold has been a valuable commodity for centuries, and its status as a safe haven investment continues to drive demand for the precious metal. The basic economics of the gold mining industry are fairly simple: gold is mined from the earth, refined, and sold to buyers around the world. The price of gold is determined by supply and demand factors, including the amount of gold available for sale, the level of demand from investors, and the strength of the global economy. One of the main drivers of demand for gold is its use as a store of value. In times of economic uncertainty or market volatility, investors often turn to gold as a safe haven investment to protect their wealth. This is because gold is viewed as a reliable hedge against inflation and currency devaluation. As such, gold tends to perform well when other asset classes, such as stocks and bonds, are underperforming. Over the past six months, the price of gold has risen approximately 20%, to more than $2,000 per ounce. iMetal Resources, Inc. (TSX-V: IMR) (OTC: IMRFF), Hycroft Mining Holding Corporation (NASDAQ: HYMC), Gold Resource Corporation (NYSE: GORO), Kinross Gold Corporation (NYSE: KGC), B2Gold Corp. (NYSE: BTG)

Key Points:

Gold has been a valuable commodity for centuries, and its status as a safe haven investment continues to drive demand for the precious metal.
The basic economics of the gold mining industry are fairly simple: gold is mined from the earth, refined, and sold to buyers around the world.
In times of economic uncertainty or market volatility, investors often turn to gold as a safe haven investment to protect their wealth.
Geographically, gold mining is common in many parts of the world, including Africa, Asia, Australia, and the Americas.

Trillium Gold and Pacton Gold Combine to Create Dominant Strategic Land Position in Red Lake

Retrieved on:

Thursday, March 16, 2023

VANCOUVER, British Columbia, March 16, 2023 (GLOBE NEWSWIRE) -- Trillium Gold Mines Inc. (TSXV: TGM, FRA: 0702) (“Trillium”) and Pacton Gold Inc. (TSXV: PAC, OTC: PACXF, FSE: 2NKM) (“Pacton”) are pleased to announce that they have entered into an arrangement agreement dated March 15, 2023 (the “Agreement”) to combine the two companies to create the leading gold explorer and dominant strategic land holder, over 15 projects covering over 1,260 km2 in the prolific Red Lake Mining District of Northern Ontario (the “Transaction”).

Key Points:

Establishes dominant and strategic land position in the prolific Red Lake Mining District: With over 1,260 km2 of properties extending across the Red Lake Mining District, the combined company’s property holdings will be larger than major gold producers in the district such as Evolution Mining Limited (“Evolution”) and Kinross Gold Corporation (“Kinross”).
Pacton’s Red Lake Gold Project is located within 20 km of Trillium’s Newman Todd Complex and the western portion of its Confederation Belt properties.
Russell Starr, President, CEO and Director of Trillium, commented, “This combination literally changes the map of the prolific Red Lake Mining District.
Leverages the significant work completed by Pacton at the Red Lake Gold Project, including 79 drill holes totaling 26,719 m and 1,011 surface samples.